CBV Cobra Venture Corporation

Cobra Venture Corporation (the "Corporation") (TSX VENTURE:CBV) is pleased to
announce that it has entered into an offer to purchase and interim agreement
(the "Offer to Purchase") between the Corporation, as vendor, and an arm's
length private Alberta corporation (the "Purchaser") related to the proposed
sale and purchase of certain undeveloped lands located in the Municipal District
of Rocky View No. 44, in the Province of Alberta, consisting or approximately
12.84 acres, more or less, excepting thereout all mines and minerals (the
"Lands"), for an aggregate cash purchase price of four million three hundred and
sixty-five thousand ($4,365,600) dollars (the "Purchase Price"). The Corporation
intends to retain ownership to approximately three (3) acres, more or less, of
the 15.78 acres of undeveloped land originally acquired by the Corporation, in
October, 2012.


Pursuant the terms of the Offer to Purchase, the Corporation has received a
fifty thousand ($50,000) dollar refundable deposit in trust, which shall be
applied to the Purchase Price upon closing of the transaction (the "Closing").
The Corporation is also entitled to receive a further two hundred thousand
($200,000) dollars, in trust, within two (2) business days of the waiver or
satisfaction of all conditions precedent contained in the Offer to Purchase,
with the balance of four million one hundred and fifteen thousand six hundred
($4,115,600) dollars payable on the closing date. 


Closing is subject to receipt of all necessary regulatory approvals, including
the approval of the TSX Venture Exchange Inc., as well as usual due diligence
inspections of the Lands by the Purchaser, review by the Purchaser of all title
documentation related to the Lands and the Purchaser obtaining suitable mortgage
financing to complete the transaction on or before sixty (60) days from the date
the Corporation receives board approval for the transaction.


Subject to compliance or waiver with all conditions precedent set forth in the
Offer to Purchase, it is anticipated that the transaction will close during the
first week of July, 2014.


Subject to completion of the transaction, the Corporation shall be responsible
for the payment of a real estate commission of one and one half (1.5%) percent
of the Purchase Price, plus GST to an arm's length commercial real estate agent
situated in Calgary, Alberta.


Management of the Corporation believes that the Lands no longer represent any
strategic value to the core business of the Corporation and further represents a
reasonable return on investment to the Corporation over the sixteen (16) month
period the Lands were held by the Corporation. Proceeds from the sale of the
Lands will be added to the general working capital of the Corporation.


About Cobra Venture Corporation

Cobra Venture Corporation is an emerging energy corporation focused on the
acquisition and development of strategic oil and natural gas reserves in Western
Canada. Common shares of the corporation trade on the TSX Venture Exchange Inc.
under the symbol CBV.


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange Inc.) accepts
responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements

This press release contains "forward looking statements" within the meaning of
applicable Canadian securities legislation. The words "could", "plan", "expect",
"estimate", "anticipate", "project", "predict", "intend", "may", "potential",
"believe" and similar expressions and variations thereof are forward-looking
statements. These include, but are not limited to, statements respecting
anticipated business activities, the timing of the payment of the second deposit
and the balance of the Purchase Price, the acceptance of the transaction by the
TSX Venture Exchange Inc., the timing and completion or waiver of various
conditions precedent to completion of the transaction and the occurrence of
Closing and any other statements that are not historical facts. Statements in
this release that are forward-looking statements are subject to various risks
and uncertainties including, but not limited to, the ability to obtain
regulatory body approval in respect of the transaction, the ability of the
Purchaser to finance and pay the balance of the Purchase Price, and the ability
of all parties to complete the Closing in a timely manner or at all and such
specific factors disclosed under the heading "Risk Factors" in the Corporation's
periodic filings with Canadian securities regulators. Although the Corporation
believes that its expectations reflected in these forward-looking statements are
reasonable, such statements involve risks and uncertainties and no assurance can
be given that actual results will be consistent with these forward-looking
statements. Such information contained herein represents management's best
judgment as of the date hereof based on information currently available. The
reader is cautioned not to place undue reliance on forward-looking statements.
The Corporation undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise after
the date of this release. You should carefully review the cautionary statements
and risk factors contained herein and in the documents that we file from time to
time with the Canadian securities regulators.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cobra Venture Corporation
Daniel B. Evans
President and CEO
(604) 922-2030
Canadian Toll Free (888) 888-9122
US Toll Free (888) 888-9123

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